FOR SALE INDUSTRIAL SPACE HUGE UPSIDE - NET LEASE INVESTMENT All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein. NRG Realty Group 900 Winding Ridge Trail Southlake, TX 76092 nrgrealtygroup.com
EXECUTIVE SUMMARY OFFERING SUMMARY Sale Price: $450,000 Cap Rate: 22.67% NOI: $102,000 Lot Size: 6.68 Acres Building Size: 7,200 Price / SF: $62.50 PROPERTY OVERVIEW NRG Realty Group, LLC has been exclusively selected to market this single tenant net lease in Carrizo Springs. The highly functional facility was built in 2017 and totals 9,400 SF in two separate buildings on 6.6 Acres. The main facility has two drive through bays with 16' overhead doors and a drive through wash-bay. Many different service companies can utilize this footprint. The balance of the property has been fenced and is stabilized with gravel to allow for equipment access and storage. The property is currently leased to Legend Energy Services, LLC, a premier provider of pressure pumping and coil tubing services to oil and gas operators. Legend operates five other field offices in addition to its headquarters in Oklahoma City. In total, Legend services customers in multiple basins including the Eagle Ford, Haynesville, Permian Basin, Barnett in Texas, the STACK/SCOOP in Oklahoma, and the Bakken in North Dakota. Legend's lease runs through December, 2019. LOCATION OVERVIEW This functional energy facility sits just two miles southeast of 85 and downtown Carrizo Springs in the prime area of the Eagle Ford Shale. Carrizo Springs is approximately one hour and fifty minutes southwest of San Antonio and 1 hour and twenty minutes northwest of Laredo. NRG Realty Group 900 Winding Ridge Trail Southlake, TX 76092 nrgrealtygroup.com
COMPLETE HIGHLIGHTS SALE HIGHLIGHTS NOI - $102,000/year Remaining NOI as of 10/1/2018 $127,500 or 28.3% of total investment Limited Landlord responsibility - LL covers roof/ foundation, property insurance, and HVAC replacement Function facility for many different types of oilfield companies Ample room for growth of current tenant or subdividing property for more buildings NRG Realty Group 900 Winding Ridge Trail Southlake, TX 76092 nrgrealtygroup.com
AREA DESCRIPTION EAGLE FORD SHALE The Eagle Ford Shale (EFS) is quite possibly the largest single economic development in the history of the state of Texas and ranks as the largest oil & gas development in the world based on capital invested. Almost $30 billion was spent developing the play in 2013. The Eagle Ford had more than a $60 billion dollar impact on the local South Texas economy in 2012 and over 116,000 Eagle Ford jobs were supported in the 20 county area impacted by the play. Add the jobs created in surrounding counties and the picture of a modern oil boom begins to take shape. From record drilling levels to wells producing over 4,000 b/d of oil initially, the play is redefining South Texas as an oil industry hotbed. If you own a business in South Texas, begin thinking about how the Eagle Ford is changing the economic landscape and your future. Oil & gas production is bringing newfound wealth to the region. Source: https://eaglefordshale.com/ CURRENT MARKET There are currently 93 rigs active in the Eagle Ford Shale today. This number has doubled since December of 2016. Many are expecting pipeline capacity issues in the Permian to drive exponential growth in the Eagle Ford in 2019 as the WTI spread to Brent in West Texas continues to increase, operators are expected move assets to other shale plays. We have already seen this play out with commercial real estate supply drastically decreasing. The image to the left shows active rigs drilling near Carrizo Springs as shown on Baker Hughes Interactive Rig Map. NRG Realty Group 900 Winding Ridge Trail Southlake, TX 76092 nrgrealtygroup.com
LOCATION MAPS NRG Realty Group 900 Winding Ridge Trail Southlake, TX 76092 nrgrealtygroup.com
Information About Brokerage Services Texas law requires all real estate license holders to give the following informa on about brokerage services to prospec ve buyers, tenants, sellers and landlords. 11-2-2015 TYPES OF REAL ESTATE LICENSE HOLDERS:. A BROKER is responsible for all brokerage ac vi es, including acts performed by sales agents sponsored by the broker. A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker. A BROKER S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): Put the interests of the client above all others, including the broker s own interests; Inform the client of any material informa on about the property or transac on received by the broker; Answer the client s ques ons and present any o er to or counter-o er from the client; and Treat all par es to a real estate transac on honestly and fairly. A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wri en lis ng to sell or property management agreement. An owner's agent must perform the broker s minimum du es above and must inform the owner of any material informa on about the property or transac on known by the agent, including informa on disclosed to the agent or subagent by the buyer or buyer s agent. AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wri en representa on agreement. A buyer's agent must perform the broker s minimum du es above and must inform the buyer of any material informa on about the property or transac on known by the agent, including informa on disclosed to the agent by the seller or seller s agent. AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the par es the broker must first obtain the wri en agreement of each party to the transac on. The wri en agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obliga ons as an intermediary. A broker who acts as an intermediary: Must treat all par es to the transac on impar ally and fairly; May, with the par es' wri en consent, appoint a di erent license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instruc ons of each party to the transac on. Must not, unless specifically authorized in wri ng to do so by the party, disclose: that the owner will accept a price less than the wri en asking price; that the buyer/tenant will pay a price greater than the price submi ed in a wri en o er; and any confiden al informa on or any other informa on that a party specifically instructs the broker in wri ng not to disclose, unless required to do so by law. AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transac on without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: The broker s du es and responsibili es to you, and your obliga ons under the representa on agreement. Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated. LICENSE HOLDER CONTACT INFORMATION: This no ce is being provided for informa on purposes. It does not create an obliga on for you to use the broker s services. Please acknowledge receipt of this no ce below and retain a copy for your records. NRG Realty Group LLC 9004023 Licensed Broker /Broker Firm Name or Primary Assumed Business Name License No. Email Phone Designated Broker of Firm License No. Email Phone Licensed Supervisor of Sales Agent/ Associate License No. Email Phone Sales Agent/Associate s Name License No. Email Phone Regulated by the Texas Real Estate Commission Buyer/Tenant/Seller/Landlord Initials Date Informa on available at www.trec.texas.gov IABS 1-0